Executive summary
This report mainly focus on the concept of the conceptual framework and the theory of accounting, moreover, the relationship between them.

1. IntroductionIn 2004, the Australian Accounting Standard Board (AASB) adopted the Framework for the Preparation and the Presentation of Financial Statement, as issued by the International Accounting Standards Board (IASB) (Ruth, P et al, 2006). In the past, Australian Accounting Standard Board was responsible for the development of a conceptual framework of accounting. It aim to define the nature, subject, purpose and broad content of general purpose financial reporting. Later, in 2002, Financial Reporting Council (FRC) made a decision that Australia would adopt accounting standards issued by the International Accounting Standard Board (IASB) from 2005. Since then, the related requirement required we also adopt the conceptual framework developed by the IASB (Deegan, C.,2010). Moreover, according to Financial Accounting Theory, Scott Graham and Kate said that it is necessary to understand the conceptual framework and accounting theory to develop the new accounting standards and support the accounting practice. Moreover, the recognition of the need for conceptual framework has extended to other accounting sectors, including the International and Australian Accounting Standard Board. Each board use their exsiting conceptual framework to make accounting standards decisions (Scott, H., Graham, P. and Kate, H., 2006). This report collected the different researchers’ views about the new conceptual framework and its relationship with accounting theory. Thus, a clear concept of conceptual framework would be set and how far it contributes to or constitute a theory of accounting. This report is mainly aim to the definition of conceptual framework firstly. Analyzing the theory of accounting is the second step. Finally, it talks about the relationship between the conceptual framework and the accounting theory.

2. Main body
2.1 The framework of accounting According to AASB (AASB,2011, cite in…,year), as the result of replacement of the relevant existing AASB Standards, the parts of the existing Australian conceptual framework (SAC 3 Qualitative Characteristics of Financial Information and SAC 4 Definition and Recognition of the Elements of Financial Statements) that instead of the Framework for the Preparation and Presentation of Financial Statements issued by the IASB are being replaced by this Framework. Therefore, the SAC 1 Definition of the Reporting Entity and SAC 2 Objective of General Purpose Financial Reporting are preserved in the new framework. The FASB made this concepts earlier than the IASB, but IASB developed gave the concept more briefer. They still have some similarities, such as they both are lack of the treatment of measurement (cite journal). The Australian Financial Accounting...

You May Also Find These Documents Helpful

...influences that impacted the development of the conceptualframework.
There can be a variety of conceptualframeworks. There are also wide concepts of affects in conceptualframework, the influences that impacted development of the CF include:
the US experience,
In the United States they have their own conceptualframework; they have not adopted either IFRSs or the IASB Framework. Both the IASB and the US ConceptualFrameworks are considered to have shortcomings. As a result, the IASB and FASB are jointly developing a revised conceptualframework. A revised conceptualframework is also necessary because of the joint efforts of the IASB and FASB to converge their accounting standards, with uniform accounting standards there is also a need to have a uniform conceptualframework.
the needs of the capital markets,
Economic focuses ignores transactions or events not resulting from market transactions or an exchange of property rights, it also ignores environmental externalities that caused by business. Financial statements included within reports reflect only financial performance and do not provide a means of assessing social or environmental performance.
research drawing from efficient market literature that impacted the thinking...

...Conceptual or Theoretical Bases for Research Studies
I. Theory
A. Def. “abstract generalization that systematically explains the relationships among phenomena.” Has at least 2 concepts that the theory explains the relationship for.
B. Theories are not discovered, they are created.
C. Purpose: make research findings meaningful and interpretable.
D. A descriptive theory (a more loose context used by some) refers to broad characterization of a single phenomenon.
E. Factors influencing the development of theory
a. Scientific Method
b. Phenomenological Methods i.e. Research
II. Components of a Theory
A. Concepts – ex. Health, stress, pain, coping, caring, social support, holism, etc.
B. Theories contain a set of propositions (or statements) which establish a relationship among the concepts.
C. The set of propositions form a logically interrelated deductive system. This means that theory is the origin of new statements (statements which are deduced from the propositions and can be tested empirically)
III. Purposes of Theories
A. Pull together findings into a systematic whole. Way of organizing knowledge.
B. Helps us to understand “why” natural phenomena occur as they do – when we know why we have the basis for predicting and controlling outcomes.
C. Theories provide foundation for new research and new knowledge.
IV. Scope of Theories
A. Grand or macro theories are very broad in scope and therefore explain a lot of phenomena within the field....

...Writing: ConceptualFrameworkConceptualFramework
From the review of related literature and studies, the researcher may formulate a theoretical scheme for his research problem. This scheme is a tentative explanation or theoretical explanation of the phenomenon or problem and serves as the basis for the formulation research hypotheses. Thus, the conceptualframework consists of the investigator’s own position on a problem after his exposure to various theories that have bearing on the problem. It is the researcher’s new model which has its roots on the previous models which the researcher had studied. (Sanchez, pp. 14-15)
The conceptualframework becomes the central theme, the focus, the main thrust of the study. It serves as a guide in conducting investigation. Briefly stated, the conceptualframework for the teaching of science can be: The effectiveness of a science instructional program depends upon the qualifications of the teachers, the effectiveness of their methods and strategies of teaching, the adequacy of facilities, the adequacy of supervisory assistance, and the elimination of the problems hampering the progress.
Currently, however, most theses do not have a discussion of their conceptualframeworks. Very few thesis writers endeavor to include an explanation of their...

...﻿Figure 1.1
Paradigm of the Study
Customer Perception and Satisfaction of Buffet Restaurant in Olongapo City
The conceptualframework (see Figure 1), which aims to examine the predictive ability as
well as the nature and strength of relationship between demographic profile of respondents,
customer satisfaction and loyalty intentions. All constructs were conceptualised to fit better into
the current study setting. Based on the original view of Parasuraman, Zeithaml and Berry (1985),
service quality was conceptualised as a function for the differences between expectation and
performance along with restaurant attributes such as food quality, service transaction,
environment, convenience issues, and its overall images. Next, customer satisfaction has been
conceptualized in this study as the patrons’cumulative post-purchase affective evaluation based on
the most recent services consumption experience at the restaurant. Lastly, the repatronage intention
construct has been conceptualized as a customer’s likelihood of revisiting the restaurant during the
coming month by adopting the definition of Hellier et al. (2003).
...

...coming up with the conceptualframework and the theoretical framework of their thesis, a required section in thesis writing that serves as the students' map on their first venture into research. The conceptualframework is almost always confused with the theoretical framework of the study.
What is the difference between the conceptual and the theoretical framework?
A conceptualframework is the researcher’s idea on how the research problem will have to be explored. This is founded on the theoretical framework, which lies on a much broader scale of resolution. The theoretical framework dwells on time tested theories that embody the findings of numerous investigations on how phenomena occur.
The theoretical framework provides a general representation of relationships between things in a given phenomenon. The conceptualframework, on the other hand, embodies the specific direction by which the research will have to be undertaken. Statistically speaking, the conceptualframework describes the relationship between specific variables identified in the study. It also outlines the input, process and output of the whole investigation. The conceptualframework is also called the research paradigm.
Examples of the...

...ConceptualFramework
INPUT PROCESS OUTPUT
Feedback
Figure 1
Research paradigm
The conceptualframework tackles the implementation of the retention policy to all the students under BSA and on how the students deal with the program. The researchers divide the framework into three diagrams; input, process and output. Under input are profiles of the student respondents. In the process are the procedures used by the researcher in order to come up the possible effects and different benefits to the student.
The researchers will conduct the evaluation in the form of questionnaire and interview with BSA students. The researchers also indicated the retaining
grade in every year level that the BSA students must meet. Under the output are the possible outcomes of the study that will be conducted. These will show the different answers of the students regarding the retention policy.
Statement of the Problem
This study will identify the effectiveness of the retention policy to selected Second Year Bachelor of Science in Accountancy (BSA) students of the University of the East (UE), Manila for the first semester of academic year 2011-2012.
Specifically, this paper will seek answers for the following questions:
1. What is the demographic profile of the selected University of the East-Manila, second year BS Accountancy students in...

...Conceptual Art – Essay
”In conceptual art the idea or concept is the most important aspect of the work. When an artist uses a conceptual form of art, it means that all if the planning and decisions are made beforehand and the execution is a perfunctory affair. The idea becomes a machine that makes the art.” (Sol LeWitt, Artforum 1967, Paragraphs on Conceptual Art.)
Conceptual art is a form of art where the idea is the most important aspect and the product or work of art, if there is any at all, takes a backseat. This art movement was most prominent from 1965-75. Throughout this essay I will be discussing how conceptual art was developed and then I will be focusing on the practises of contemporary conceptual artists Sol LeWitt.
Conceptual art was a positive reaction to the work of Marcel Duchamp. Duchamp, a French artist, was one of the first artists we now call conceptualists. His most famous art piece was a pre-made urinal he named Fountain (1917) and was signed by the clever pseudonym “R.Mutt” which was derived from the Mott plumbing company’s name and a popular comic at the time. Duchamp submitted his piece in an exhibition of the Society of Independent Artists in New York but it was rejected because he did not make the piece. Duchamp’s practises at the time included collecting aesthetically neutral objects that we use every day, which he would...